§ 7.24.450. Bond—Term—Cancellation.

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The bond described in Section 7.24.430 shall remain in force and effect for the entire period of the license. The sureties may cancel the bond and be relieved of further liability thereunder by delivering 30 days' written notice to the commission. Such cancellation shall not affect any liability incurred or accrued thereunder prior to the termination of the said 30-day period. If a bond is cancelled, Sections 7.08.240, 7.08.250 and 7.08.270 apply.

(Ord. 9678 § 2 (part), 1968: Ord. 5860 Ch. 18 Art. 6 § 3175, 1951.)

                    
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